I would seem no matter what you do today every one whats to know your credit history. Your credit history is used to judge how well you at paying debt. That why it now so important to know just what is going on with your credit rating (or credit score) at all times. Checking your credit rating can be done easily and free via a number of different site online. Access to your credit rating allows you to see just what all the big companies see about you before they decide weather to give you a loan, mortgage or mobile contract. We have decide to highlight the top 5 reason you should check your credit rating on a regular basis in order to take control of your credit.
5 reasons you should check your Credit rating
1. The best reason to check your credit score has to be that you can check it as many time as you like with out damaging your own credit score. Lenders can not see if you have checked your credit history. So knowing your own credit history can highlight problems that you may encounter when you apply for new credit and allow you to tackle any problem before you apply.
2. Checking your credit history help protect your identity from being used fraudulently. You can see any application of for credit done in your name no matter how big or small and if you have not authorised them yourself you can chase it up before any fraudulent action is carried out in your name. Its such a great tool for spotting identity fraud it is now advised by the Home Office to check your credit history on a regular basis.
3. When apply for new credit weather its for a mortgage, a loan or a just a mobile contract your information needs to be accurate and match your credit rating information. So checking your credit rating before apply allows you to see how your name appears on your credit rating, the address of where you are registered at and previous address to ensure accurate form compilation.
4. If you do spot any mistakes on your credit repot you can contact the lender and get them to correct it. Also if you do have bad credit in your past such as missed payments then you can attact notes to explain any reasons this may have happened for future people viewing your credit report. Reason such as illness or the loss of a family member can be nnote but evidence is often required.
5. Checking your credit rating can also help you to understand what level of credit is right for you to apply for. The credit report will show all your outstanding debt and your can work out how much you can afford to pay for a new credit account each month .
